Accounting Degree Guide

Accounting is often called the language of business - and for good reason. It plays a vital role in the financial health,

 strategic planning, and regulatory compliance of organisations worldwide. Whether you aim to become a chartered accountant, financial analyst, auditor, or business consultant, a degree in accounting provides a solid foundation for a wide range of professional careers.

This guide explores what it’s like to study Accounting in the United Kingdom, and also offers comparative insights into studying the subject in Europe, Australia, New Zealand, Canada, and the United States.

Why Study Accounting?

Studying accounting equips students with analytical thinking, attention to detail, and a deep understanding of financial systems and reporting standards. Key areas typically covered in accounting programs include:

• Financial accounting and reporting

• Management accounting and budgeting

• Taxation and audit

• Corporate finance

• Financial regulations and ethics

• Business law and economics

An accounting qualification can lead to professional designations such as ACCA, CIMA, ACA, or CPA, which are highly respected worldwide and often necessary for advancement in the field.

Studying Accounting in the United Kingdom

The UK is one of the most popular destinations for international students pursuing accounting, finance, and business-related qualifications. Its universities are globally respected, and many programs are designed in alignment with professional accounting bodies.

Top Universities for Accounting in the UK

• London School of Economics and Political Science (LSE) – Renowned for rigorous academic training and high graduate employability.

• University of Warwick – Offers a business-focused accounting degree with strong industry links.

• University of Manchester (Alliance Manchester Business School) – Highly regarded for its accounting and finance programs.

• University of Glasgow – Known for research-led teaching and links to professional accountancy bodies.

• University of Leeds / University of Birmingham / Lancaster University – Strong business schools offering accredited accounting programs.

Professional Accreditation

Many UK accounting degrees are accredited by major professional bodies, offering exemptions from exams for:

• Association of Chartered Certified Accountants (ACCA)

• Chartered Institute of Management Accountants (CIMA)

• Institute of Chartered Accountants in England and Wales (ICAEW)

These exemptions make the pathway to professional certification faster and more efficient.

Why the UK?

• Globally recognised qualifications: UK degrees are well-respected by employers and accountancy firms worldwide.

• Strong professional integration: Courses are often tailored to align with career routes like chartered accountancy or financial management.

• Industry exposure: Universities offer internships, placement years, and guest lectures from practitioners.

• Shorter degree structure: Most bachelor’s programs are three years, with optional placement years.

Entry Requirements

• A-levels, IB, or equivalent high school qualifications.

• Mathematics or economics is often preferred but not always mandatory.

• For non-native English speakers: IELTS or TOEFL scores are required.

• Some programs may consider relevant work experience or foundation year studies for international applicants.

Studying Accounting in Other Countries

Europe (Outside the UK)

Europe offers high-quality accounting education, often at a lower cost than in English-speaking countries. Many programs are available in English, especially at master’s level.

Countries to Consider:

• Germany: Offers affordable or free tuition at public universities. Programs often have a strong focus on international finance and business.

• Netherlands: Business schools like Erasmus University (Rotterdam School of Management) offer globally recognised programs in English.

• France: Grandes Écoles and universities offer specialised master’s programs in accounting and finance. Knowledge of French can be helpful for internships.

• Spain and Italy: Offer degrees with a European focus on IFRS (International Financial Reporting Standards) and corporate governance.

Note: Many European degrees follow the Bologna Process, allowing easy transition between bachelor's and master's studies across countries.

Australia

Australia is known for its high-quality education system and strong global links in business and finance.

• Top Universities:

  • University of Melbourne

  • University of New South Wales (UNSW)

  • Monash University

  • University of Sydney

• Key Benefits:

  • Courses aligned with CPA Australia, CA ANZ, and ACCA.

  • Emphasis on applied learning and real-world business skills.

  • Opportunities to gain post-study work experience under student visa schemes.

New Zealand

New Zealand offers a close-knit academic environment and a growing business landscape.

• Leading Institutions:

  • University of Auckland

  • University of Otago

  • Victoria University of Wellington

• Highlights:

  • Accredited by CA ANZ and CPA Australia.

  • Small class sizes and personal support.

  • Opportunities to work part-time and apply for post-study visas.

Canada

Canada has a well-developed accounting profession and academic system, with close ties to the CPA designation.

• Notable Schools:

  • University of Toronto (Rotman School of Management)

  • University of British Columbia (Sauder School of Business)

  • McGill University

  • York University (Schulich School of Business)

• Advantages:

  • Pathway to the CPA Canada designation through accredited programs.

  • Strong focus on ethics, corporate governance, and applied business.

  • Work opportunities through co-op programs and internships.

United States

The US is a top destination for accounting education, especially for students planning careers in large multinational firms or financial services.

• Top Schools:

  • University of Texas at Austin (McCombs School of Business)

  • University of Illinois Urbana-Champaign

  • University of Southern California (Marshall School of Business)

  • New York University (Stern School of Business)

• Unique Features:

  • Curriculum aligned with CPA (Certified Public Accountant) exam requirements.

  • Strong integration of accounting with business analytics and finance.

  • Extensive alumni networks and recruiting opportunities with global firms.

Note: Most US states require 150 credit hours (typically more than a bachelor’s degree) to sit for the CPA exam, so many students pursue a master’s degree or additional credits.

Choosing the Right Accounting Program

When selecting an accounting program, consider the following:

• Accreditation and exemptions: Does the course offer exemptions for professional qualifications?

• Industry connections: Are there internship opportunities, placement years, or links to top accounting firms?

• Curriculum structure: Does it include financial accounting, management accounting, auditing, and taxation?

• Global relevance: Does the program align with international accounting standards (IFRS) and practices?

• Cost and financial aid: Look into tuition fees, living costs, and scholarship opportunities.

Final Thoughts

Accounting is a global profession, and studying it abroad can provide both a strong academic foundation and an international perspective. The UK remains one of the top destinations due to its integration with professional bodies, reputation for academic excellence, and strong industry links. However, excellent accounting programs also exist across Europe, Australia, New Zealand, Canada, and the USA, each offering its own advantages in terms of cost, structure, and career pathways.

Wherever you choose to study, ensure the program prepares you not only for academic success, but also for professional certification and real-world experience. A well-chosen accounting degree can open the door to a stable, rewarding, and internationally mobile career.